Creative monetary policy

Found a 2004 paper with Bernanke (yup, the Fed chairman) as one of co-author.

It listed alternative policy when the rate cut is neither feasible nor having impact (click here to read in full).

America is so lucky to the someone so prepared for the crisis at in charge of the monetary policy. BI still have a lot of ammunition to cut rate but its good to be prepared.

To Keynes or not to Keynes

Well, the question is more of how much than either-or.

I am arguing that fiscal only interpretation of Keynes is not suitable for Indonesia since we still have room for monetary expansion.Read the article in The Jakarta Globe here.

Too bad the editor cut creative liquidity measures that I proposed.